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Stormy payroll tax forecast

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in Small Business Tax,Small Business Tax Deduction Strategies

You can expect the Social Security tax wage ceiling to keep growing, according to the Board of Trustees for the Social Security Administration (SSA).

The SSA projects the tax ceiling will be $113,700 in 2013, up $3,600 from the 2012 ceiling. It estimates that the ceiling will rise to $117,900 in 2014; $123,000 in 2015; and $128,400 in 2016.

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